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Wednesday, March 30, 2011

Business News

·         New bank licence guidelines this week
·         Electrotherm in JV with Immodo Solar
New bank licence guidelines this week
The Reserve Bank of India (RBI) will announce draft guidelines for giving new banking licences in the next few days, the finance ministry said on Monday. “RBI will come up with the guidelines by the end of this month,“ department of economic affairs secretary R. Gopalan said.
Electrotherm in JV with Immodo Solar
Electrotherm Ltd, an Ahmedabad based firm having interests in steel, electronic automobiles, furnace and renewable energy sectors, on Mon day announced a joint venture (JV) with Immodo Solar SA, to carry out solar pho tovoltaic projects for solar farms, grid and offgrid applications.